Each person on a team brings a unique perspective to the process; i.e., how things work; what happens when changes are made, and how to sustain improvements during daily work. Contributions are made from each individual's skill set and the team's synthesis of ideas.
Division of labor is the economic term for the practice of assigning small parts of a complicated job to individual workers who specialize in doing just their small part.
1563. During the 60's and 70's, the U.S. was suffering from 5.3% inflation and 6% unemployment. Refers to the unusual economic situation in which an economy is suffering both from inflation and from stagnation of its industrial growth.